Pabaon Sports

August 30, 2009

Early signs of recovery in S China’s economic heartland(4)

Filed under: news — admin @ 9:46 pm

The LED company is one of a large number of hi-tech businesses that make up the Guangdong economy.

Often set in green landscaped parks, they contrast with the province’s image of factories belching out smoke.

Despite the crisis, the province still looks relatively prosperous with few obvious signs of unemployment or poverty.

It has been hit hard, however, after suffering its biggest economic trauma since it set out on the road to becoming one of the industrial powerhouses of modern China more than two decades ago.

There have been a number of initiatives at both provincial and municipal levels to get the province back on its feet.

These include subsidies for employing people, tax reductions and other stimulus measures.

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